Become a billionaire by borrowing money without spending, still paying interest on time like Hoang So Cuu really has 1-0-2 in the world.
Born into a family practicing medicine at the end of the Qing Dynasty (China), Hoang So Cuu from a young age has been cultivated and trained with great knowledge on how to cure diseases and take medicine to save lives.
The first years of his life passed in silence, at the age of 16, Hoang Chu Cuu decided to go to Shanghai to live independently and create his own career. Unfortunately, despite being old, because of his young age, in the new land, Hoang So Cuu worked very hard to make a living.
Get rich by borrowing money without spending, still paying interest on time like Hoang So Cuu really has 1-0-2 in the world. (Illustration).
As the years passed, his life also improved thanks to the wandering trade in the esoteric medicine left by his ancestors. At this time, Hoang So Cuu has the intention of opening a shop of his own.
However, the money he saved was completely insignificant compared to the amount it had to spend to open a pharmacy in Shanghai. In the midst of a dilemma, he thought , “Or should I borrow?”.
He could do it, thanks to his acquaintance with the descendants of the Shanghai aristocracy at that time through the process of taking medicine for treatment, Hoang Chu Cuu asked each person to borrow a little. So little that it still doesn’t have enough money to open a shop.
Many people will find it extremely difficult to understand, because if you take a loan, why don’t you take a big loan to open a pharmacy, why do you have to borrow a little and then do nothing? In fact, Hoang So Cuu calculated it all!
The relationship is just a social acquaintance, who has the guts to borrow a large amount of money. Not to mention if you have the guts, who dares to lend you? Therefore, he only borrowed small money, left it and didn’t touch it. On the day of interest payment, he still paid on time. The purpose is to create prestige , although it is a bit disadvantageous because the profit he has to use his own pocket money.
After a while, when his reputation was established, Hoang So Cuu had the courage to borrow a large amount of money and the lender also trusted enough to give him the money.
With a large amount of money borrowed, he opened a pharmacy of his dreams. His pharmacy later did well, soon he paid off his debt and became the second richest billionaire in Shanghai 20 years later.
Indeed, history has many billionaires who built their businesses from scratch, their story is always an interesting anecdote showing their innate talent and business talent. However, getting rich by borrowing money without spending , still paying interest on time like Hoang So Cuu really has 1-0-2 in the world.
His story also left a good lesson about faith that anyone who wants to be successful in life must remember: “In life, if you want to receive help, you must create trust in others, but if you want to create trust in your It is best to keep the faith. If you make a promise, you must keep it, if you make a covenant, you must be on time.”
Trust is not necessarily applied only in business, but also in everyday relationships. Borrow money who has to pay on time so that they can lend again next time; What promises to anyone, but keep them lest they become unfaithful, people shun…
Confucius once said, “If a person does not have faith, he cannot establish a foothold in society. Like a big car without a crossbar, like a small car without a yoke, how can it go?”